United Utilities Group (UU) Earns “Buy” Rating from Deutsche Bank

United Utilities Group (LON:UU)‘s stock had its “buy” rating reissued by analysts at Deutsche Bank in a report issued on Friday. They currently have a GBX 870 ($11.80) target price on the stock. Deutsche Bank’s price objective suggests a potential upside of 14.02% from the company’s previous close.

A number of other equities research analysts have also commented on UU. Credit Suisse Group raised United Utilities Group to a “neutral” rating and set a GBX 850 ($11.53) price target on the stock in a research report on Friday, January 5th. JPMorgan Chase & Co. dropped their price target on United Utilities Group from GBX 1,070 ($14.51) to GBX 1,000 ($13.56) and set an “overweight” rating on the stock in a research report on Thursday, December 7th. Barclays reaffirmed an “equal weight” rating on shares of United Utilities Group in a research report on Tuesday, November 14th. Finally, HSBC lowered United Utilities Group to a “hold” rating and dropped their price target for the stock from GBX 1,000 ($13.56) to GBX 900 ($12.21) in a research report on Friday, November 17th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of GBX 943.67 ($12.80).

Shares of United Utilities Group (LON UU) opened at GBX 763 ($10.35) on Friday. The company has a market capitalization of $5,240.00 and a PE ratio of 1,211.11. United Utilities Group has a 1 year low of GBX 764.50 ($10.37) and a 1 year high of GBX 1,078 ($14.62).

In other United Utilities Group news, insider Steven L. Mogford sold 217,500 shares of the firm’s stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of GBX 801 ($10.86), for a total value of £1,742,175 ($2,362,591.54). Also, insider Russ Houlden sold 4,400 shares of the firm’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of GBX 819 ($11.11), for a total value of £36,036 ($48,869.00). Over the last quarter, insiders have sold 226,743 shares of company stock valued at $181,743,930.

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United Utilities Group Company Profile

United Utilities Group PLC is a water company. The Company, through its subsidiary, United Utilities Water Limited (United Utilities Water), manages the regulated water and wastewater network in the North West of England, providing services to around seven million people and businesses. It owns over 55,000 hectares of land around its reservoirs.

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